Public Storage (LTS:0KS3) Construction In Progress : $389 Mil (As of Mar. 2024)

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What is Public Storage Construction In Progress?

Public Storage's quarterly construction in progress declined from Sep. 2023 ($457 Mil) to Dec. 2023 ($345 Mil) but then increased from Dec. 2023 ($345 Mil) to Mar. 2024 ($389 Mil).

Public Storage's annual construction in progress increased from Dec. 2021 ($272 Mil) to Dec. 2022 ($373 Mil) but then declined from Dec. 2022 ($373 Mil) to Dec. 2023 ($345 Mil).

Public Storage Construction In Progress Historical Data

The historical data trend for Public Storage's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Public Storage Construction In Progress Chart

Public Storage Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Construction In Progress

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141.93

188.08

272.47

372.99

345.45

Public Storage Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Construction In Progress	Get a 7-Day Free Trial															377.35	449.93	457.06	345.45	389.28

Public Storage Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

Public Storage (LTS:0KS3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Public Storage (LTS:0KS3) » Definitions » Construction In Progress

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Address

701 Western Avenue, Glendale, CA, USA, 91201-2349

Website

https://www.publicstorage.com

Public Storage is the largest owner of self-storage facilities in the U.S. with more than 2,880 self-storage facilities in 40 states and approximately 200 million square feet of rentable space. Through equity interests, it also has exposure to the European self-storage market through Shurgard Self Storage. The company also has a merchandise business, a third-party property management business, and an insurance business that offers products to cover losses for the goods in self-storage facilities.

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